Manchester United plc (NYSE:MANU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.61 and traded as high as $17.10. Manchester United shares last traded at $17.01, with a volume of 336,732 shares trading hands.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Manchester United from $16.00 to $18.50 and gave the stock a "hold" rating in a report on Wednesday, July 24th.
Read Our Latest Report on Manchester United
Manchester United Stock Up 0.1 %
The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 3.53. The company's fifty day simple moving average is $16.46 and its 200 day simple moving average is $16.61.
Manchester United (NYSE:MANU - Get Free Report) last released its earnings results on Wednesday, September 11th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. Manchester United had a negative net margin of 17.28% and a negative return on equity of 55.05%. The firm had revenue of $179.43 million during the quarter, compared to analyst estimates of $180.82 million. Sell-side analysts predict that Manchester United plc will post -0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Manchester United
Several large investors have recently made changes to their positions in the business. Ariel Investments LLC increased its position in shares of Manchester United by 50.9% during the second quarter. Ariel Investments LLC now owns 8,007,070 shares of the company's stock valued at $129,234,000 after acquiring an additional 2,700,337 shares in the last quarter. Lancaster Investment Management purchased a new position in shares of Manchester United during the 3rd quarter worth $9,094,000. Harvey Partners LLC boosted its stake in shares of Manchester United by 156.9% during the 3rd quarter. Harvey Partners LLC now owns 740,000 shares of the company's stock worth $11,973,000 after acquiring an additional 452,000 shares during the last quarter. Ursa Fund Management LLC lifted its stake in shares of Manchester United by 577.1% during the 1st quarter. Ursa Fund Management LLC now owns 260,000 shares of the company's stock valued at $3,630,000 after buying an additional 221,600 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Manchester United by 15.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 1,351,534 shares of the company's stock valued at $21,814,000 after buying an additional 185,271 shares in the last quarter. 23.34% of the stock is currently owned by hedge funds and other institutional investors.
About Manchester United
(
Get Free Report)
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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